The Cost of 2011 LED Lighting is Expected to Decline 30-40%
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At present, the market of LED lighting is dominated by a large number of energy-saving industries. The gap between LED lights and fluorescent lights is less than 5 times. However, the users really care about is the number of lumens in a specific area. And LED lamps are expected to be around 50% of the energy-saving effect if compared with fluorescent lamps. LED Strips
Currently, the cold white LED lights has possessed with the economic feature in the area of non-residents. Considering that the effect of energy-saving, LED lights can save 10000 hours of energy. LED Strip Lights
However, there is still a huge space for the price decline, including the improvement of light efficiency, the economy scale and the reasonable profit. The price of chips is beginning to decrease, and the cost of LED lighting has been declined for 30-40% at the end of 2011compared with several years past.
Mass of the LED market and LED lighting are closely related to chips, packaging, thermal conductivity materials, optical antireflection material and the other areas.
There is about 20% of global electricity consumption is lighting, while the rest will be the potential market of LED lighting industry.
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